Tenants to pay rent with bitcoin

[Rruchi man]

This is really a smart move by real estate owners who have been looking to own and acquire some bitcoin for themselves without using their own cash. This is particularly beneficial reason being that in a short while from when payment has been made in bitcoin, the real estate owners have a chance of making enough profits from a few payments in bitcoin, even enough to start building another property if bitcoin price goes up while holding.

[Poker Player]

While this is good news, I believe that for Bitcoin to go mainstream as a medium of exchange, if it ever happens, there is still a long way to go. At the moment it seems to be succeeding as the best store of value in the world, which will be confirmed when it surpasses the market cap of gold, and there is still time for that. But the next two phases, which would be to become a medium of exchange and a unit of account, we will not see for many years if they happen.

[AniviaBtc]

We need more institutional companies adding crypto as their payment method. This will encourage ordinary people to take a look what's in store for them when they deal with crypto particularly bitcoin. This will drive also mass adoption among previously noncrypto users. These companies believe about the bright future of crypto, the reason why they are open to the idea of accepting bitcoin payments.

It is a good form of adoption when companies tends to accept bitcoin as a payment in rents or other business.

We need to adopt in the situation where cryptocurrencies are invading the market and the transaction processes.

Accepting bitcoin as a payment will help other companies to also adopt and develop their business to also receive cryptocurrencies as a payment tool.

[mk4]

You're right, I forgot about that one,the first to adopt will be the prosperous ones because they have the variety that the competitors don't have, but my another question is will they BTCPayServer can handle a scaling in the business though?

BTCPayServer is a completely open-source software that will be self-hosted on the user's side, so scaling will completely dependent on the company's side rather than BTCPayServer's. Not to mention that they can freely alter the software for their own advantages.

https://docs.btcpayserver.org/

[giantrobot]

We need more institutional companies adding crypto as their payment method. This will encourage ordinary people to take a look what's in store for them when they deal with crypto particularly bitcoin. This will drive also mass adoption among previously noncrypto users. These companies believe about the bright future of crypto, the reason why they are open to the idea of accepting bitcoin payments.

I think Bitcoin is still uncommon so many people can accept payment by Bitcoin. House tenivers are difficult to accept payment by Bitcoin. There is no government that provides specific regulations on using Bitcoin as well as the risk you suffer.

[andthereyou]

It will be better if tenants are to pay the rent in bitcoin or cryptocurrency. It will help making bitcoin or cryptocurrency known to others. Also to those already knew but afraid. It will help them little by little to have trust in cryptocurrency.

[pawanjain]

Using bitcoins for paying rent is really great because it can be treated as an SIP (Systematic Investment Plan) which will yield benefits in the long run.
But for this to happen we need more and more people to become of aware of what bitcoin is. We need them to understand and use bitcoin in the right way.
Only then we will step ahead for mass adoption.

[avikz]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

It's an excellent idea to evade taxes, at least in my country. Ideally the tenants should get tax rebate for the rent they are paying. On the other hand, this rent amount should be added in the income of the landlord. To save from this situation, landlords don't make a legal agreement with the tenant and the tenant create fake receipts against the rent they are paying. This is a very common practice in my country.

Having bitcoin as a rent payment method will further make this process more robust so that the landlords don't have to show anything in their bank account. Especially in countries where bitcoin is not a legal tender.

Lol! Corporate adoption is growing indeed!

[Oceat]

I wonder if I can pay the rent with my ownr or cryptocom crypto card? Although honestly, I have no such experience at all.

It depends actually if your landlord accept Bitcoin as a payment and put up a machine automatically take the payment just like what the other stores been doing in the past. It would be very helpful because you don't need to go to the bank to make some transaction.

This kind of payment option is indeed fast and easy if most businesses would make something like this that would benefit them and to their customers also. But I wonder what's stopping them from doing it that way, I guess they don't still trust Bitcoin due to its high volatility.

[pinggoki]

Maybe the land owner or the owner of the tenants are supporter of the mass adaptation of cryptocurrency especially in bitcoin and that's why he added the opportunity or the payment method using bitcoin to their tenants. The good thing here is that little by little there are some people who is having the interests to the adaptation of bitcoin as a natural money. We need those kinds of people who are seeing the potential of the bitcoin and to be honest this is more fast and easy transaction so that the tenants and the land owner will be in good terms.

[Cling18]

This kind of adoption isn't new anymore because there are already small companies and businesses that are accepting Bitcoin. In our country, we're able to shop online using Bitcoin which is really beneficial for the company and the buyers who are using crypto. If there will be more adoptions that would happen in the future, I'm sure that there will also be more people who will be enlightened about Bitcoin's importance.

[romero121]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

Large scale adoption is happening through different means. Tesla hasn't led the path, it has joined the rally. Same as Tesla more corporate networks have joined the rally and the same is making the network stronger than ever.

By the time the easy access through ATMs is true, but do you think people are using it much. In my view it is a big NO, because the fee is simply high around 8% with every ATM Service. Apart from this it doesn't give access to anonymity. If there exists an ATM that provides service with low fee and anonymity, then things stated about ATM turn to be true.

[Mr.right85]

Its all about payment systems accepted by a company, merchant, landlord or what ever service you might hope to receive from whom ever ever is rendering the service or your paying for. Using bitcoin as a medium of payment would be a nice idea especially when its got to do with huge amounts. Its just a matter of convenience and again, the receipienof the payment is the one at advantage because, youpaying  is the one carrying all the charges with regards to fee levied on the transaction. All the receiver needs to do is ensure to confirm that the transaction went through and is received in the right address.

[Wendigo]

I wonder who will be the first one to burn down their rented flat after running a crypto mining farm on the premises to gather enough cash for payment 

[mindrust]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

It is indeed good for bitcoin but the landlords still want the USD value of the bitcoins they receive. They don't put a constant price tag in btc. The btc value changes every week because what they actually want is USD. My point it, bitcoin isn't really usable as money because of its volatility but it is excellent for making rent payments. (probably not that great when you are buying a coffee. )

[Ryker1]

Well, perhaps the best way to consider cryptocurrency as adapted and widely accepted is when convenient stores and main grocery shops accept it as well.
This has been done since day 1. Tenants were able to make their monthly payments using their bitcoins as early as 2017. But it still can’t prove that people will be adopting bitcoin soon. Perhaps, bitcoin will be widely accepted the time that banks provide wallets to their users for bitcoin. It’s like a bank becoming the escrow between bitcoin and the user. Cause people trust banks without them realizing the cryptocurrency is way better.

[dunfida]

In recent times so many exciting events/news have been happening with bitcoin,  we have seen how bitcoin have gain institutional adoption with Tesla taking the lead and the installation of bitcoin ATMs for easy access to the digital global currency BTC.
The latest is a real estate firm optioning for tenants to pay rent using bitcoin.
https://www.cnbc.com/2021/04/07/rick-carusos-company-to-begin-accepting-rent-payments-in-bitcoin.html?utm_term=Autofeed&utm_medium=Social&utm_content=Crypto&utm_source=Facebook#Echobox=1617831770
This indeed are great indications of bitcoin mainstream adoption/usage.

As years passing by then we arent that blind on not to see the changes and gradual improvement when it comes to adoption rate of bitcoin.Comparing off the numbers
back in the past until the present then it is really different and we do really some progress which is a good indication that we are really heading into that global adoption.
Still there are merchants or business are still on hesitance on using it due to volatility but others do shows that it is indeed possible on accepting it
but be sure that you are aware with the risk.

[Fredomago]

Well, perhaps the best way to consider cryptocurrency as adapted and widely accepted is when convenient stores and main grocery shops accept it as well.

When you can spend your crypto to whatever you wanted for your everyday life, commonly with shops and groceries.

This has been done since day 1. Tenants were able to make their monthly payments using their bitcoins as early as 2017. But it still can’t prove that people will be adopting bitcoin soon.

There are establishments especially online who caters Bitcoin but not as wide as it should be.

Perhaps, bitcoin will be widely accepted the time that banks provide wallets to their users for bitcoin.

Banks and Bitcoin have different intities, not unless you are willing to undergo full centralizations.

It’s like a bank becoming the escrow between bitcoin and the user. Cause people trust banks without them realizing the cryptocurrency is way better.

Mass adoptions with full knowledge about this new system will surely works along the way.

[Distinctin]

Well, perhaps the best way to consider cryptocurrency as adapted and widely accepted is when convenient stores and main grocery shops accept it as well.
This has been done since day 1. Tenants were able to make their monthly payments using their bitcoins as early as 2017. But it still can’t prove that people will be adopting bitcoin soon. Perhaps, bitcoin will be widely accepted the time that banks provide wallets to their users for bitcoin. It’s like a bank becoming the escrow between bitcoin and the user. Cause people trust banks without them realizing the cryptocurrency is way better.

We'll probably be going that way and even taxes will accept Bitcoin for payment. The world adopting to online mode of payment, the closer it gets to the point that Bitcoin adoptions will take place.
Well, that it takes time as we know that but as the users keep increasing, the higher chance it goes that way and that serves as an option. Only we need to work on how the payment confirmation makes fast, we know this could affect the adoption flow and people thinking about delays will never use that instead of having fiat.

[jerry0]

I got to assume they are only doing right now in luxury apartments right?